1 week Ago By ABMN Staff
Norges Bank purchased a new stake in Tactile Systems Technology, Inc. ( NASDAQ:TCMD – Free Report ) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 147,900 shares of the company’s stock, valued at approximately $2,534,000.
Norges Bank owned about 0.62% of Tactile Systems Technology as of its most recent filing with the Securities and Exchange Commission. Other large investors have also recently bought and sold shares of the company.
FMR LLC lifted its holdings in shares of Tactile Systems Technology by 28.1% during the third quarter. FMR LLC now owns 79,348 shares of the company’s stock worth $1,159,000 after buying an additional 17,393 shares in the last quarter.
Principal Financial Group Inc. raised its stake in Tactile Systems Technology by 9.9% in the 4th quarter.
Principal Financial Group Inc. now owns 20,401 shares of the company’s stock worth $349,000 after purchasing an additional 1,836 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Tactile Systems Technology in the 4th quarter valued at about $1,328,000.
Geode Capital Management LLC grew its position in shares of Tactile Systems Technology by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 558,667 shares of the company’s stock worth $8,164,000 after purchasing an additional 8,422 shares in the last quarter.
Finally, BNP Paribas Financial Markets grew its position in shares of Tactile Systems Technology by 16.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 45,374 shares of the company’s stock worth $663,000 after purchasing an additional 6,401 shares in the last quarter.
83.43% of the stock is owned by institutional investors. Insider Activity In related news, Director Daniel L.
Reuvers sold 10,938 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $14.55, for a total value of $159,147.
90. Following the completion of the transaction, the director now owns 242,942 shares of the company’s stock, valued at $3,534,806.10.
This represents a 4.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link .
Also, VP Kristie Burns sold 4,830 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $14.65, for a total transaction of $70,759.
50. Following the completion of the sale, the vice president now owns 84,008 shares in the company, valued at $1,230,717.20.
This represents a 5.44 % decrease in their position. The disclosure for this sale can be found here .
In the last quarter, insiders have sold 19,546 shares of company stock worth $285,444. Insiders own 0.96% of the company’s stock.
Analysts Set New Price Targets Check Out Our Latest Stock Analysis on Tactile Systems Technology Tactile Systems Technology Price Performance TCMD stock opened at $13.27 on Friday. The company’s 50-day moving average price is $14.
47 and its two-hundred day moving average price is $15.75. The firm has a market cap of $314.
05 million, a P/E ratio of 18.96 and a beta of 1.21.
The company has a quick ratio of 3.80, a current ratio of 4.36 and a debt-to-equity ratio of 0.
11. Tactile Systems Technology, Inc. has a 12 month low of $11.
12 and a 12 month high of $21.10. Tactile Systems Technology ( NASDAQ:TCMD – Get Free Report ) last posted its quarterly earnings results on Tuesday, February 18th.
The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.
09. Tactile Systems Technology had a net margin of 5.79% and a return on equity of 9.
37%. The business had revenue of $85.59 million for the quarter, compared to analyst estimates of $85.
39 million. On average, analysts anticipate that Tactile Systems Technology, Inc. will post 0.
7 earnings per share for the current fiscal year. Tactile Systems Technology Profile ( Free Report ) Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices to treat underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema in the home setting; and Entre Plus System, a portable pneumatic compression device for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers.
Featured Stories Receive News & Ratings for Tactile Systems Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tactile Systems Technology and related companies with MarketBeat.com's FREE daily email newsletter ..
